Longmont approves AveXis incentives

LONGMONT — Longmont City Council members approved a measure Tuesday to offer AveXis Inc. an incentive package worth about $1.9 in an attempt to entice the Swiss biologics firm to expand operations in the city, according toa report from the Longmont Times-Call.

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If AveXis agrees to the incentive deal, the company would receive rebates on certain city fees and property taxes. The city would eventually recoup about $2.1 million in fees and taxes, according to the Times-Call report.

The company has hired about 150 employees and could hire another 125 if the Longmont expansion comes to fruition, the report said.

LONGMONT — Longmont City Council members approved a measure Tuesday to offer AveXis Inc. an incentive package worth about $1.9 in an attempt to entice the Swiss biologics firm to expand operations in the city, according toa report from the Longmont Times-Call.

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If AveXis agrees to the incentive deal, the company would receive rebates on certain city fees and property taxes. The city would eventually recoup about $2.1 million in fees and taxes, according to the Times-Call report.

The company has hired about 150 employees and could hire another 125 if the Longmont expansion comes to fruition, the report said.

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